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Alternative strategies for investors to position their portfolios in a rising rates environment
trueFixed-income markets might be experiencing the calm before the storm. Rather than allowing complacency to creep in, following the normalization of markets after the significant sell-off in the second quarter of 2013, thoughtful investors should at least be thinking of how best to protect themselves ...
Regulators put indemnification costs in spotlight
trueThe cost of indemnification — insurance against counterparty default — might have to be carried on bank balance sheets under possible domestic and international regulations, and that could spur asset owners to make changes in their securities lending programs.
2 Toronto professors win Markowitz prize
trueJohn C. Hull and Alan D. White — both of the Joseph L. Rotman School of Management, University of Toronto — were named winners of the $10,000 Harry M. Markowitz Award prize, according to a joint statement by New Frontier Advisors and the Journal of Investment Management.
BlackRock drops analyst survey program after investigation
trueBlackRock agreed to discontinue using an analyst survey program after New York Attorney General Eric Schneiderman concluded non-public information was being used to execute trades.
Greenwich: Swaps clearing to become more expensive, more efficient in 2014
trueBetter efficiency and higher costs will be two key trends in the clearing of swaps trades in 2014, according to a Greenwich Associates report on global derivatives markets issued Wednesday.
Volcker rule ushers in era of increased oversight of trades
trueWall Street faces more intensive government scrutiny of trading after U.S. regulators issued what they billed as a strict Volcker rule Tuesday, imposing new curbs designed to prevent financial blowups while leaving many details to be worked out later.
BNY Mellon closes U.S. derivatives clearing business
trueBank of New York Mellon closing its U.S. derivatives clearing business.
Obama names CFTC chairman nominee
trueTimothy Massad, the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis, will be nominated to head the Commodity Futures Trading Commission.
Illinois SURS sues global banks for monopolizing CDS markets
trueIllinois State Universities Retirement System, Champaign, accused J.P. Morgan Chase, Goldman Sachs, Bank of America, and 11 other global banking institutions and dealer groups for monopolizing the credit default swap markets, inflating transaction costs and obstructing formation of alternative CDS platforms, according to a lawsuit filed in U.S. District Court in New York.
With collateral a prized resource, margin analysis a key capacity
trueIt has been more than three years since the G-20 made mandatory clearing of over-the-counter derivatives a priority. Implementation of clearing mandates has been arduous, but this year has marked a turning point. While the initial focus of derivatives participants will be on basic compliance, the ...
Swaps exchange's new COO was co-CEO of eSecLending
trueKaren O'Connor was named COO at swaps exchange trueEX.
S.A.C. accepts guilt for insider trading in $1.8 billion SEC settlement
trueS.A.C. Capital Advisors and three affiliated companies will plead “guilty to every count” of an insider-trading indictment and will pay an additional $1.2 billion to settle charges.
AlphaMetrix closing down funds of funds
trueAlphaMetrix Group announced it will shut down the funds of funds it manages using hedge/managed futures funds running trading strategies on its investment platform on Thursday.
AlphaMetrix ordered to repay managers on its managed account platform
trueThe National Futures Association ordered AlphaMetrix Group to pay $600,000 of management and incentive fees owed to some of the 90 managed futures funds, commodity trading advisers and hedge funds on its managed account platform by Nov. 1.
Knight Capital to pay $12 million in trading glitch case
trueKnight Capital Americas LLC will pay $12 million to settle charges brought by the SEC over a computer trading glitch that cost the company as much as $460 million in erroneous trading orders in August 2012.